Care Ratings: Agrochemicals Industry  First Half Of FY21 Update
Granules of fertilizer samples sit on display at a fertilizer plant in Russia. (Photographer Andrey Rudakov/Bloomberg)

Care Ratings: Agrochemicals Industry First Half Of FY21 Update

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Care Ratings Research Report

Production of agrochemicals (technical grade) has grown at 11.5% during H1 FY21.

Despite the impact of the coronavirus on the domestic market; two consecutive good monsoon seasons, vibrancy of the rural markets and a good sowing season has attributed to an increase in production.

New product launches has also supported the increase in manufacturing.

Total agrochemical exports have increased sharply by 13.4% during H1 FY21.

India mainly has exported agrochemicals to Brazil (19%), U.S (8%), Vietnam (6%), Bangladesh (5%), Australia (4%), Costa Rica (3%), France (3%) and Indonesia (3%).

Click on the attachment to read the full report:

Care Ratings Agrochemicals Industry H1FY21 Update November 2020.pdf

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